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Robinhood has observed a 75% MoM rise in cryptocurrency trading volumes in November, marking a reversal from its previous trend. According to an SEC filing on December 4, this boost contrasts with flat trading volumes in equity and options contracts during the same period.

The report also spotlighted several challenges beleaguering the fund managers in the FX market. A conspicuous lack of transparency was cited by 73% of respondents, with cost calculation (33%) emerging as the predominant challenge. Operational hurdles also pervade the FX operations, with manual processes (39%) topping the list, followed closely by onboarding liquidity providers (35%), obtaining comparative quotes (35%), and demonstrating best execution (33%).

“As we further build out our Europe, Middle East and Africa (EMEA) region and add products, asset classes and capabilities beyond our robust listed derivatives offering, Gemma will play a vital role in support of our traditional markets while helping to fuel that expansion in EMEA from an operations perspective.”

Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $413 billion last month on the company’s main FX trading services.

Mark Foulger has left his position as Head of Sales at London-based market maker Tokkyo FX. The two-decade FX veteran, mostly spent his career in the City, is quitting after more than two years in this role to build up a new FX and crypto brokerage firm, Ellipse Trading.